Topic: The bitcoin pump on March 12 (Read 597 times)
Today bitcoin set a new record again, after many have waited to be able to pass $ 30k then today the price has reached $ 31600, many speculations say that this year the price can reach at least $ 50k so that will make bitcoin shine even more, another thing is the beginning of the year there will be a halving day which will usually make a big spike in the market.
News update.
Similar to what I mentioned in my Riot mining thread, it appears many people are still in a disbelief stage of the present market cycle. I reckon this will stop and everyone begins shouting that it is a bull market when they witness the price pump to $40k and receive the news that Brad Garlichouse of Ripple saved the cryptospace market by winning a landmark case against the SEC and setting a precedent that many crypto projects are not illegal securities.
No one can be certain if this is the end of the bear market, however, some unexpected occurences might mark the end of it. This victory by Ripple and Garlichouse might be one of them.
XRP coin surges after judge delivers a huge win to Ripple in SEC case
Ripple’s XRP
token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”
The news marks the latest development in a three-year battle between Ripple and the Securities and Exchange Commission. There is a possibility that some of these findings could be appealed and reversed. Indeed, the filing said that the court would issue a separate order setting a trial date.
Source https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html
Similar to what I mentioned in my Riot mining thread, it appears many people are still in a disbelief stage of the present market cycle. I reckon this will stop and everyone begins shouting that it is a bull market when they witness the price pump to $40k and receive the news that Brad Garlichouse of Ripple saved the cryptospace market by winning a landmark case against the SEC and setting a precedent that many crypto projects are not illegal securities.
No one can be certain if this is the end of the bear market, however, some unexpected occurences might mark the end of it. This victory by Ripple and Garlichouse might be one of them.
XRP coin surges after judge delivers a huge win to Ripple in SEC case
Ripple’s XRP
token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”
The news marks the latest development in a three-year battle between Ripple and the Securities and Exchange Commission. There is a possibility that some of these findings could be appealed and reversed. Indeed, the filing said that the court would issue a separate order setting a trial date.
Source https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html
A member of the royal family in Abu Dhabi is short selling stocks and has begun placing their billions in liquidity in bonds through his investment firm. However, there is good news. It appears that some of their billions might also be invested in the cryptospace. I am quite certain bitcoin will hold much of this in the beginning.
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
It's about time isn't it? They should have invested in billions when the price is like sitting at the bottom last year around $15,500. But hey, they are not late though, we are still far from the bull run that we all expecting and that is supposed to happen after the halving next year.
And definitely this is a big boost to the market, and I think they are going to do in bunch? not just buying one time.
So let's see how it goes, prices is going down as we speak, nonetheless, $25k might be still the biggest support that we have right now.
Agreed, however, I speculate that the royal family from the middle east do not care on the timing of their investments because they have the funds to move their investments and make it appear that they have made the correct timing hehehe.
March 12th is a date that will always be remembered, the increase in a day reached 22% and made the haters stop and could not do anything, they were silent because all efforts made to spread FUDs failed, and this also made many people cry because they sold cheap when the price is below $ 20k, if you are patient you can get 22% profit in a day.
I don't possibly see any haters here, Bitcoin pumped to a very good extent on that day, but the peak of this year is even a later date (14/04), so I don't really know what you are driving at. The pumping and dumping of Bitcoin like any other asset is certain as the market is always dynamic, every trader and investor would know this and they tend to utilize the opportunity rather than hating.And one thing about all these price fluctuations is opportunities, that's for us to gain more if we know how to play our cards very well, not about pointing accusing fingers. What would you say if it dumps again? Because it might reach at least $20,000 if it can't breach a trendline resistance at $29276.
After a fantastic increase in March which could touch $ 12k the price continues to decline, now the price is only around $ 26k, this week the price has dropped more than 8%, if this week the price drops below $ 25k then we should be patient and wait for the right time to buy more because for the long term the price will rise again.
A member of the royal family in Abu Dhabi is short selling stocks and has begun placing their billions in liquidity in bonds through his investment firm. However, there is good news. It appears that some of their billions might also be invested in the cryptospace. I am quite certain bitcoin will hold much of this in the beginning.
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
It's about time isn't it? They should have invested in billions when the price is like sitting at the bottom last year around $15,500. But hey, they are not late though, we are still far from the bull run that we all expecting and that is supposed to happen after the halving next year.
And definitely this is a big boost to the market, and I think they are going to do in bunch? not just buying one time.
So let's see how it goes, prices is going down as we speak, nonetheless, $25k might be still the biggest support that we have right now.
A member of the royal family in Abu Dhabi is short selling stocks and has begun placing their billions in liquidity in bonds through his investment firm. However, there is good news. It appears that some of their billions might also be invested in the cryptospace. I am quite certain bitcoin will hold much of this in the beginning.
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
CZ dressing up as an Arab
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
Source https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears
Where is the next support for bitcoin? I speculate it might occur very much similar to the pump on March 12 hehehehe.
CZ dressing up as an Arab
An investment firm controlled by a top Abu Dhabi royal has built a short position worth billions of dollars in US stocks, people familiar with the matter said, in a bet that growing fears over a recession will pressure markets.
Royal Group turned more negative on equities at the start of the year and has shifted more of its portfolio into short-term US Treasuries, the people said, asking not to be identified because the matter is private. The firm, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, is also investing more in commodities and crypto, they said.
Source https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears
It might not be too late to see the bitcoin pumping around again, but you just have to keep calm and wait for the moment it rises because it is a good move for bitcoin in future.
The Central Bank has been working hard on a solution to some of the financial problems of the last two months, including a temporary bailout and a bank bailout that the U.S. Treasury Department is trying to do something about it. I think the solution would be to require that central bank officials actually spend the money circulating on companies and industries they care about.
However, the Fed and Reserve have shown their inability to create an agency for it, and the Central Bank has shown that they still need to spend all of their money.
They could potentially take advantage of these challenges.
The U.S. Fed recently announced that a loan to San Jose-based real estate investment properties, worth $10 billion, would likely be worth as little as 50 percent of its initial budget for fiscal year 2011, and would allow the bank to raise interest rates on interest loans it could issue.
The most immediate solution is to issue a loan in the next few months, while the dollar will rise to 20%, and if the Fed's approval of a loan makes it worthwhile to borrow, that will push the dollar in favor of bitcoin, in return for a guaranteed 10%, that would give it a good amount of leverage, making it the most expensive-looking asset available.
I guess that is how it works.
However, the Fed and Reserve have shown their inability to create an agency for it, and the Central Bank has shown that they still need to spend all of their money.
They could potentially take advantage of these challenges.
The U.S. Fed recently announced that a loan to San Jose-based real estate investment properties, worth $10 billion, would likely be worth as little as 50 percent of its initial budget for fiscal year 2011, and would allow the bank to raise interest rates on interest loans it could issue.
The most immediate solution is to issue a loan in the next few months, while the dollar will rise to 20%, and if the Fed's approval of a loan makes it worthwhile to borrow, that will push the dollar in favor of bitcoin, in return for a guaranteed 10%, that would give it a good amount of leverage, making it the most expensive-looking asset available.
I guess that is how it works.
Since the beginning of March until now the bitcoin price has jumped significantly where the bitcoin price is trading again in the $28k area. Although we don't know exactly what factors make bitcoin pump. We expect, the current price hike to continue and get to above $35k soon.
Bitcoin has grown from $16k to $28k in the first 3 months of the year, and that is considered an impressive gain for bitcoin. I think instead of expecting another big rally, we should think of the scenario bitcoin will correct from now on, bitcoin can't go up one circuit without a correction. We are still in the bearish season so we cannot expect bitcoin to go up forever without falling.
You can count it a growing as high as $31k in the first 4 months, although that run was not sustainable as obviously it's a mental price for others to sell their bitcoin to make money. Buying at the lowest low in November, then for sure the price picking up and going $31k, you make a lot of profits already so it make sense to sell to take that short term money.
And we are in the end of month, April and the price is above $29k. So it might not end as green candle for us. But still the price is getting stronger like every month. So this pump might continue though and going till the end of the year. We are technically in the bearish phase and so with that, don't expect like new all time high. We might come to a point that this might might bring us to the $40k-$50k level and then the real bull run will start next year. So exciting times ahead so just continue to buy and HODL.
Since the beginning of March until now the bitcoin price has jumped significantly where the bitcoin price is trading again in the $28k area. Although we don't know exactly what factors make bitcoin pump. We expect, the current price hike to continue and get to above $35k soon.
Bitcoin has grown from $16k to $28k in the first 3 months of the year, and that is considered an impressive gain for bitcoin. I think instead of expecting another big rally, we should think of the scenario bitcoin will correct from now on, bitcoin can't go up one circuit without a correction. We are still in the bearish season so we cannot expect bitcoin to go up forever without falling.
March 12th is a date that will always be remembered, the increase in a day reached 22% and made the haters stop and could not do anything, they were silent because all efforts made to spread FUDs failed, and this also made many people cry because they sold cheap when the price is below $ 20k, if you are patient you can get 22% profit in a day.
under normal circumstances a 20% price increase looks extraordinary, but during a bullish phase this looks normal because there are many price increases that are far more significant. speaking of FUD, the people who spread FUD are not people who really hate bitcoin and wish bitcoin to die, but they created FUD with the aim of getting bitcoin cheaply. Since the beginning of March until now the bitcoin price has jumped significantly where the bitcoin price is trading again in the $28k area. Although we don't know exactly what factors make bitcoin pump. We expect, the current price hike to continue and get to above $35k soon.
Bitcoin has grown from $16k to $28k in the first 3 months of the year, and that is considered an impressive gain for bitcoin. I think instead of expecting another big rally, we should think of the scenario bitcoin will correct from now on, bitcoin can't go up one circuit without a correction. We are still in the bearish season so we cannot expect bitcoin to go up forever without falling.
March 12th is a date that will always be remembered, the increase in a day reached 22% and made the haters stop and could not do anything, they were silent because all efforts made to spread FUDs failed, and this also made many people cry because they sold cheap when the price is below $ 20k, if you are patient you can get 22% profit in a day.
There was good news that Michael Saylor bought 6455 bitcoin, however, the market has taken this as a signal to begin dumping. This is a very head shaking behavior hehehhehe.
On March 27, 2023, MicroStrategy announced that, during the period between February 16, 2023 and March 23, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 6,455 bitcoins for approximately $150.0 million in cash, at an average price of approximately $23,238 per bitcoin, inclusive of fees and expenses. As of March 23, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 138,955 bitcoins, which were acquired at an aggregate purchase price of approximately $4.14 billion and an average purchase price of approximately $29,817 per bitcoin, inclusive of fees and expenses.
Source https://www.sec.gov/Archives/edgar/data/1050446/000119312523079839/d467124d8k.htm
On March 27, 2023, MicroStrategy announced that, during the period between February 16, 2023 and March 23, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 6,455 bitcoins for approximately $150.0 million in cash, at an average price of approximately $23,238 per bitcoin, inclusive of fees and expenses. As of March 23, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 138,955 bitcoins, which were acquired at an aggregate purchase price of approximately $4.14 billion and an average purchase price of approximately $29,817 per bitcoin, inclusive of fees and expenses.
Source https://www.sec.gov/Archives/edgar/data/1050446/000119312523079839/d467124d8k.htm
Not huge dump though, we went as high as $28,500, but it was not that sustainable. Yeah, not sure though, every news that Saylor is buying bitcoin, the market react negatively. Maybe there is some manipulation behind? I don't know and all I have is pure speculation.
Anyhow, market is moving sideways for the whole week of April.
I'm taking this signal that it's not going to be good for the market this month and hard to breach $30k.
Since the beginning of March until now the bitcoin price has jumped significantly where the bitcoin price is trading again in the $28k area. Although we don't know exactly what factors make bitcoin pump. We expect, the current price hike to continue and get to above $35k soon.
March 12 record is indeed fantastic and usually only occurs 2 or a maximum of 5 times in history, prices rise more than 20% in 24 hours make investors panic and come to buy so as to push prices continue to rise. Hopefully in March it will happen again so that prices can reach $ 30K.
yes this rarely happens and usually only happens when bitcoin is bullish. but the price increase did not last long because after that the price of bitcoin slowly fell, maybe the price decrease occurred because many day traders were selling to secure profits. 
Now a bitcoin is back to over 26k$, and whatever the reason for this is we don't know the exact reason, although there are news that Bitcoin is also not affected much in the market.
Maybe in the middle of this year we will really see the direction of Bitcoin in the market if it continues to go to the bull-run and a lot of people are really peking on it. That's why we should still hold and not be bored as one of its holders.
Maybe in the middle of this year we will really see the direction of Bitcoin in the market if it continues to go to the bull-run and a lot of people are really peking on it. That's why we should still hold and not be bored as one of its holders.
There was good news that Michael Saylor bought 6455 bitcoin, however, the market has taken this as a signal to begin dumping. This is a very head shaking behavior hehehhehe.
On March 27, 2023, MicroStrategy announced that, during the period between February 16, 2023 and March 23, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 6,455 bitcoins for approximately $150.0 million in cash, at an average price of approximately $23,238 per bitcoin, inclusive of fees and expenses. As of March 23, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 138,955 bitcoins, which were acquired at an aggregate purchase price of approximately $4.14 billion and an average purchase price of approximately $29,817 per bitcoin, inclusive of fees and expenses.
Source https://www.sec.gov/Archives/edgar/data/1050446/000119312523079839/d467124d8k.htm
On March 27, 2023, MicroStrategy announced that, during the period between February 16, 2023 and March 23, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 6,455 bitcoins for approximately $150.0 million in cash, at an average price of approximately $23,238 per bitcoin, inclusive of fees and expenses. As of March 23, 2023, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 138,955 bitcoins, which were acquired at an aggregate purchase price of approximately $4.14 billion and an average purchase price of approximately $29,817 per bitcoin, inclusive of fees and expenses.
Source https://www.sec.gov/Archives/edgar/data/1050446/000119312523079839/d467124d8k.htm
March 12 record is indeed fantastic and usually only occurs 2 or a maximum of 5 times in history, prices rise more than 20% in 24 hours make investors panic and come to buy so as to push prices continue to rise. Hopefully in March it will happen again so that prices can reach $ 30K.
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